Situated close to the Miami-Dade Metrorail’s Brickell station, 1 Southside Park is central to one in all Miami’s most anticipated tasks, The Underline, which was accomplished within the fall of 2020. The Underline remodeled the land under the elevated Metrorail right into a ten-mile, linear neighborhood park with an city path and dwelling artwork vacation spot that stretches from Brickell to Dadeland. 1 Southside Park is designed to complement this community-focused park with over 90,000 square-feet of wellness-focused choices, together with a state-of-the-art health heart and spa. To totally combine with the related public park and The Underline, the undertaking will even coordinate landscaping design by James Nook Subject Operations.
The financing was organized by Walker & Dunlop’s Aaron Appel, Keith Kurland, Jonathan Schwartz, and Adam Schwartz, as nicely Michael Diaz, Michael Ianno, Sean Bastian, and Ian Hawk, who recognized Atalaya Capital as the best capital supply. The staff organized a hard and fast charge, interest-only mortgage on behalf of its shopper, JDS Growth Group.
“1 Southside Park’s considerate, dynamic design serves as an exemplar for a way we are able to design and develop in dense city facilities, with the group material in thoughts,” mentioned Michael Stern, Founder and CEO of JDS Growth Group. “The steering and experience of Walker & Dunlop had been instrumental in acquiring this financing milestone for the undertaking. We look ahead to breaking floor within the close to future.”
Mentioned Mr. Appel, “We’re happy to have organized one other robust financing package deal for JDS, among the finest growth corporations within the nation. 1 Southside Park shall be transformative to the Brickell neighborhood, offering a brand new heart for group and wellness, which is designed to draw each residents and vacationers.”
Walker & Dunlop has one of many strongest networks within the business, with over 250 capital sources. The agency accomplished $5.9 billion in brokered mortgage originations from January via September 2020, a 21.6 % improve over the identical interval in 2019. For details about Walker & Dunlop’s view on the house market, together with knowledgeable views on markets, management, and the highway forward, go to our new Driven by Insight information center.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is without doubt one of the largest industrial actual property finance firms in the USA. The corporate gives a complete vary of capital options for all industrial actual property asset courses, in addition to funding gross sales brokerage companies to house owners of multifamily properties. Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one in all FORTUNE Journal’s Quickest Rising Firms in 2014, 2017, and 2018. Walker & Dunlop’s 950+ professionals in 41 workplaces throughout the nation have an unyielding dedication to shopper satisfaction.
About JDS Growth Group
JDS Development Group is a staff of innovators and builders pioneering progressive new types of large-scale city growth that problem the established order of the actual property business. Based in 2002 and headquartered in New York, JDS is a nationwide agency centered on acquisition, growth, and building, acknowledged for its architecturally important mixed-use tasks that reply to every group and push the boundaries of engineering and design. JDS tasks embrace 111 West 57th Road, American Copper Buildings, 9 DeKalb, Walker Tower, Monad Terrace and different award-winning collaborations with the world’s high architects and designers.
SOURCE Walker & Dunlop, Inc.